Bamnipal Steel Limited, a wholly-owned arm of Tata Steel Ltd, is the sole promoter of Bhushan Steel, holding 72.65 per cent of the paid-up share capital of the company, the steel maker said in a filing to BSE.

The bank, with its focus on recovery of dues from defaulters, has managed to surpass the total amount recovered in the last fiscal in the first two months of this financial year, a senior PNB official told PTI.